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Hunt attacks Starmer for ‘fake news’ as Chancellor hints another National Insurance tax cut – UK politics live

The Chancellor has released a 19-page report accusing the Labour party of digging a £38 billion black hole with Starmer’s campaign pledges

Salma Ouaguira
Friday 17 May 2024 15:37 BST
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Hunt attacks Labour and says he refutes 'myths' the economy is worse under Tories

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Chancellor Jeremy Hunt unveiled new tax cuts if the Conservatives win the general election as he accuses Labour of “playground politics” following Sir Keir Starmer’s speech on Thursday.

Speaking from London, he hinted at further National Insurance cuts before the general election kicks off after Summer.

He claimed Labour’s electoral pledges would cost tax payers £59 billion over the next four years and accused Labour of “lying” and labelled “fake news” their economic plans.

He has also pledged “taxes will go down under a Conservative government” and accused Sir Keir Starmer of planning to hikes as “sure as night follows day”.

Meanwhile, David Lammy has launched Labour’s foreign policy campaign pledge as he vowed voters to reinstall trust between the UK and the EU amid security threats.

He added the country is currently facing key challenges around war and security, over-dependency with unfriendly states, and low growth around West.

In full: Jeremy Hunt launches Tory fightback over Labour’s ‘disgraceful, fake news, lie’

Jeremy Hunt accused Labour of telling “a lie” about Tory tax plans as he launched his party’s fightback in a week where the starting gun on the election campaign was fired.

In an unusually fiery speech by the chancellor, he claimed Labour’s attempts to scare voters about the future of the state pension was “disgraceful”.

He also alleged that “the most conservative estimate” of Keir Starmer’s spending plans would cost £38.5billion and means “Labour will have no choice but to put up taxes further” to fill a £10billion black hole in government finances by 2028/29.

Mr Hunt acknowledged that “difficult decisions” needed because of the global financial shocks of the covid pandemic and war in Ukraine had meant he had been forced to increase taxes.

However, he insisted that the election “will be framed about what the parties want to do about the tax burden.”

Salma Ouaguira17 May 2024 11:20

Watch: Moment Jeremy Hunt accuses Labour of spreading ‘fake news'

Jeremy Hunt accuses Labour of spreading ‘fake news’ to win election

Jeremy Hunt accused Labour of spreading "fake news" to try and win the general election with claims about his economic plans. Speaking in London on Friday, 17 May, the chancellor hit out at Labour's judgement that scrapping national insurance would mean a £46bn funding gap, and lead to higher taxes on pensioners, telling the audience: “I don’t make any bones about it. It is fake news and it is an absolute disgrace to try and win this election by scaring pensioners about a policy that is not true.” Announcing that further tax cuts would be implemented in the autumn, Mr Hunt criticised Keir Starmer for promising “motherhood and apple pie” following his speech on Thursday.

Salma Ouaguira17 May 2024 11:13

Rishi Sunak among top UK’s wealthiest people

Prime Minister Rishi Sunak and his wife Akshata Murty have seen their personal fortune surge by £150m to £651 million.

Sunday Times Rich List 2024: Who are the wealthiest people in the UK?

The number of British billionaires has dropped this year

Salma Ouaguira17 May 2024 11:12

Diane Abbott says not being readmitted into party was Starmer’s decision

The suspended MP for Hackney has opened up about the reason she hasn’t been readmitted into the Labour Party.

Ms Abbott was suspended after suggesting Jewish, Irish and Traveller people were not subject to racism “all their lives”.

Sir Keir Starmer has been hit by backlash after he welcomed former Tory MP Natalie Elphicke but not Ms Abbott.

Salma Ouaguira17 May 2024 11:09

Labour pokes fun at Jeremy Hunt

The official account of the Labour Party has shared an edited picture on social media mocking his backdrop.

The party has jokingly changed the original “Labour’s Tax Rises” with “£870 Worse Off”.

It is a reference of Labour’s accusations that the Tories will leave families £870 a year worse off by the end of the decade.

Salma Ouaguira17 May 2024 11:02

Tory peer banned from Lords bars for ‘bullying and harassment'

Conservative peer Kulveer Ranger has been accused of bullying and harassing two people while drunk in Parliament’s Strangers’ Bar in January.

Following an investigation, the House of Lords Conduct Committee have suspended him from the House for three weeks.

Lord Ranger has apologised, saying he was “deeply mortified at the descriptions of my behaviour” and “saddened to hear that I caused you any distress”.

Salma Ouaguira17 May 2024 10:56

Labour MP David Lammy is giving a speech

The Shadow Secretary of State for Foreign, Commonwealth and Development Affairs is setting out Labour’s foreign policy pledge.

Speaking from the Institute for Government, he is hitting at the Conservatives’ Foreign Office.

He says: “We need serious technology experts. If we want to understand China we need Chinese experts.”

Shadow foreign secretary David Lammy
Shadow foreign secretary David Lammy (PA Archive)
Salma Ouaguira17 May 2024 10:53

'Conservatives vs Labour election’

Following Jeremy Hunt’s speech, the Tories have shared on social media a poster accusing Labour of digging a billion-worth blackhole.

The post confirms the election will be framed around accusations between the two main parties.

Salma Ouaguira17 May 2024 10:42

Lib Dems weight in

The Liberal Democrats have also hit back at Jeremy Hunt.

Treasury spokesperson Sarah Olney claims the Chancellor’s analysis puts 6.5 million Brits in a higher tax band.

Liberal Democrat Treasury spokesperson Sarah Olney (Aaron Chown/PA)
Liberal Democrat Treasury spokesperson Sarah Olney (Aaron Chown/PA) (PA Archive)

She adds: “Jeremy Hunt owes an apology to the millions of hardworking Brits who will be forced to pay more tax as a result of his swindling budgets.

“The Conservative party is trying to take the British public for fools with this shameless attempt to erase Liz Truss’s botched budget and their unfair tax hikes.

“Voters across the country and in his marginal Surrey constituency will see right through this. Jeremy Hunt cannot defend his record of soaring mortgages, rocketing food prices and crippling tax rises.”

Salma Ouaguira17 May 2024 10:42

Sadiq Khan urges Labour to call out Donald Trump on sexism and racism

Newly re-elected London mayor says he has more latitude to criticise US president than Labour parliamentarians.

Sadiq Khan urges Labour to call out Donald Trump on sexism and racism

Newly re-elected London mayor says he has more ‘latitude’ to criticise US president than Labour parliamentarians

Salma Ouaguira17 May 2024 10:34

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